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New Analyst Forecast: $ALGM Given $42.0 Price Target

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We just received data on a new analyst forecast for $ALGM. Joseph Quatrochi from Wells Fargo set a price target of 42.0 for ALGM.

To track analyst ratings and price targets for $ALGM, check out Quiver Quantitative's $ALGM forecast page.

$ALGM Price Targets

Multiple analysts have issued price targets for $ALGM recently. We have seen 7 analysts offer price targets for $ALGM in the last 6 months, with a median target of $37.0.

Here are some recent targets:

  • Joseph Quatrochi from Wells Fargo set a target price of $42.0 on 07/16/2025
  • Vivek Arya from B of A Securities set a target price of $45.0 on 07/10/2025
  • Vijay Rakesh from Mizuho set a target price of $37.0 on 07/08/2025
  • Timothy Arcuri from UBS set a target price of $42.0 on 07/07/2025
  • Joseph Moore from Morgan Stanley set a target price of $25.0 on 06/09/2025
  • Quinn Bolton from Needham set a target price of $25.0 on 05/09/2025
  • Blayne Curtis from Barclays set a target price of $23.0 on 05/09/2025

$ALGM Insider Trading Activity

$ALGM insiders have traded $ALGM stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $ALGM stock by insiders over the last 6 months:

  • RICHARD R. LURY sold 6,849 shares for an estimated $189,035

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ALGM Hedge Fund Activity

We have seen 161 institutional investors add shares of $ALGM stock to their portfolio, and 120 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • CAPITAL RESEARCH GLOBAL INVESTORS added 5,294,593 shares (+91.8%) to their portfolio in Q1 2025, for an estimated $133,053,122
  • FMR LLC added 4,146,625 shares (+18.2%) to their portfolio in Q1 2025, for an estimated $104,204,686
  • FRONTIER CAPITAL MANAGEMENT CO LLC added 2,818,543 shares (+3090.7%) to their portfolio in Q1 2025, for an estimated $70,829,985
  • CITADEL ADVISORS LLC added 2,758,171 shares (+175.1%) to their portfolio in Q1 2025, for an estimated $69,312,837
  • INVESCO LTD. added 2,746,880 shares (+131.5%) to their portfolio in Q1 2025, for an estimated $69,029,094
  • WESTFIELD CAPITAL MANAGEMENT CO LP removed 1,944,000 shares (-86.5%) from their portfolio in Q1 2025, for an estimated $48,852,720
  • WOODLINE PARTNERS LP removed 1,814,483 shares (-99.0%) from their portfolio in Q1 2025, for an estimated $45,597,957

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

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